About 305 S Border Street
Perfectly maintained and updated, minutes from downtown and blocks away from freeway access. Fantastic opportunity to start or build an investment portfolio as property has been well kept with excellent tenants. Easy to rent. Updates include: 1.) 6 exterior stairwell / decks have been replaced and painted. 2.) Exterior concrete scraped and painted around all units. 3.) 49 windows have been replaced 4.) Fence added along the drainage ditch 5.) 15 new HVAC units 6.) 12 Water heaters 7.) A new sump pump was installed to improve drainage. 8.) 30 various appliances (refrigerator, washer, dryer, stove, dishwasher) 9.) 12 apartments have new open floor plans and have been completely remodeled within the last 5 years, including upgraded counter tops lighting, cabinets and flooring. 11 apartments have original floor plans and have been completely remodeled, (no upgrade to cabinets or counter tops but floors and paint done). 2 units have tenants that have lived in the units for over 5 years and no recent upgrades have been made. The average rent has gone from 550 monthly to 800 monthly.
Features of 305 S Border Street
MLS® # | 24024868 |
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Price | $1,900,000 |
Square Footage | 17,664 |
Acres | 1.00 |
Year Built | 1990 |
Type | Commercial |
Sub-Type | Business, Bldg and Land |
Style | Traditional |
Status | Active |
Community Information
Address | 305 S Border Street |
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Area | Benton |
Subdivision | Not in Subdivision |
City | Benton |
County | Saline |
State | AR |
Zip Code | 72015 |
Amenities
Utilities | Sewer-Public, Water-Public, Electric-Municipal, Gas-Natural |
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Parking Spaces | 24 |
Interior
Heating | Central Heat-Gas |
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Cooling | Central Cool-Electric |
# of Stories | 2 |
Exterior
Exterior Features | Video Surveillance, Dumpster |
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Lot Description | Level |
Roof | Composition |
Foundation | Slab |
Additional Information
Date Listed | July 12th, 2024 |
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Days on Market | 212 |
Foreclosure | No |
Short Sale | No |
HOA Fees | 0.00 |
Listing Details
Agent | Lindsey Blaylock |
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Office | Bailey & Company Real Estate |